1. The shares of the company held by the promoters of the joint-stock company shall not be transferred within one year from the date of establishment of the company;
2. The Company Law and other laws and regulations stipulate that it is forbidden to engage in profit-making activities and accept shares of the company. For example, commercial banks are forbidden to invest in non-bank financial institutions and enterprises;
3. Legal person shares can only be transferred between legal persons and cannot be transferred to natural persons or other unincorporated organizations;
4. In the acquisition of a listed company, the shares of the listed company held by the purchaser shall not be transferred within six months after the acquisition is completed;
5. Except for reducing the company's capital or merging with other units holding the company's shares, the company may not acquire the company's shares;
6. Individual citizens of China cannot become shareholders of Sino-foreign joint ventures (cooperation) limited companies;
7. Prohibit or restrict the transfer to foreign investors of the shares of companies whose establishment of foreign-invested enterprises is prohibited or restricted by the state.
legal ground
Share Transfer in People's Republic of China (PRC) Company Law
Article 137 The shares held by shareholders can be transferred according to law.
Article 138. Shareholders shall transfer their shares in a legally established securities exchange or in other ways prescribed by the State Council.
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